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Madinvestor replied Aug 4, 2017No one can tell you what is best to do in your situation. You have to experiment with what works best and then stick to it, as what ever that happens to be will be reflective of your own strategy.
Missing profit because I was disciplined near TP
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Madinvestor replied Aug 4, 2017I see what you're saying, but I think we mean two different things. If you are using the daily time frame to spot setups and then H1 time frame for entries, you are still trading based on the daily time frame, so your RR is still based on that time ...
Which is better for gains? Higher or lower time frames?
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Madinvestor replied Aug 4, 2017I agree with this and have found this to be true for me. I also agree with this, but sometimes having too much free time can work against you. To me trading lower time frames gives you more chances to take dumb trades and over-trade if you are not ...
Which is better for gains? Higher or lower time frames?
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Which is better for gains? Higher or lower time frames?
Started Aug 4, 2017|Trading Discussion|19 replies
This is basically a day trader vs swing trader/position trader debate. Let's keep it friendly. ...
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Madinvestor replied Aug 3, 2017I think the argument a lot of people are trying to make on this thread is that anyone with a high level of trading success does not need to supplement their income by teaching as it would be the less profitable endeavor. Why spend their time making ...
"good traders trade, bad traders teach"
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Madinvestor replied Aug 2, 2017Yeah consistency. That's the thing about returns is that they are not controllable like a paycheck. You can certainly average 20% per month, but it may be 90% one month, 10% the next, -40% the month after, etc.
Ever have any trouble finding profitable EAs?
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Madinvestor replied Aug 2, 2017Anyone can be a trader. Not everyone can be good at trading though. That's what makes trading so hard. The barriers to entry are so low that anyone with a few dollars can just open a trading account and start trading. Anything with low barriers to ...
Can anyone become a trader?
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Madinvestor replied Aug 2, 2017I see this argument has been going for some years now. I'll add my 2 cents. As a former unsuccessful day trader, I can definitely speak on some of the challenges of intraday trading. First, like most mentioned there is the commissions and spread, ...
Mathematical reasons why MOST DayTraders & scalpers fail?
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Madinvestor replied Aug 1, 2017It sounds like his mistake was trying to compound all the winnings in the trading account. Withdrawing profits is actually an understated risk management strategy. Not only for risk of unexpectedly bad trades, but against broker risk! I withdraw my ...
"good traders trade, bad traders teach"
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Madinvestor replied Aug 1, 2017Your business degree should be fine IMO. I have an accounting/finance degree. Mostly useless in regards to trading, but where I found value is in the math and statistical part of it. Obviously, you don't need school for that, but it was going to ...
What are some of the best courses to take in college?
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Madinvestor replied Aug 1, 2017Here's my opinion on the situation. All the truly great traders have had people seek them out. They don't advertise themselves. They have people literally banging down their doors begging them to teach them and they may or may not have the heart to ...
"good traders trade, bad traders teach"
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Madinvestor replied Jul 27, 2017Honestly, you can't reverse someone's strategy entirely. You can try, but then you would have to then also reverse engineer their personality, discipline, etc. along with it. No two people trade exactly the same. There was a saying that goes "Give ...
Can a successful system be reverse engineered?
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Madinvestor replied Jul 26, 2017That's why it's also important to record all your trades and go back and analyze them
What is your risk reward ratio?
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Madinvestor replied Jul 26, 2017This looks like an ancient thread that got resurrected. Nevertheless, I'll add my 2 cents. First of all, I don't have a fixed RR. I do have a minimum RR that I am willing to entertain and that is 3:1, but that doesn't mean I am going to settle for ...
What is your risk reward ratio?
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Madinvestor replied Jul 25, 2017lol oh I suppose I need to prove my spelling and grammar to you too right? "You're" can you sleep better at night now?
List of top traders at Forex Factory that you know
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Madinvestor replied Jul 25, 2017Your the one who sounds excited Mr. Trading Internet Gangster lol
List of top traders at Forex Factory that you know
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Madinvestor replied Jul 25, 2017Mine is to risk 2% of my capital per trade. When I use to day trade I would do 1%. Never risk more than that IMO. I don't like increasing or decreasing position size based on performance. I try to keep things consistent.
Money Management
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Madinvestor replied Jul 25, 2017LMAO are you kidding me? Why do they? For what? To appease the masses on FF? Please. I could care less who believes what about my trading abilities. As long as I am making money and can pay my bills you can believe what you want. I don't have to ...
List of top traders at Forex Factory that you know
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Madinvestor replied Jul 25, 2017Yeah it would in that case. You would no longer hit your targets as frequently and the system would start losing. That's why I don't like systems. They have to be constantly adjusted for the ever changing market conditions. That's why they will ...
Volatility = enemy or a friend?
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Madinvestor replied Jul 25, 2017It sounds like you are referring to trade systems. They fail after some time not because of volatility but because of price direction. The market only trends like 30% of the time or so and cross over systems rely on trends. When they are not ...
Volatility = enemy or a friend?